( 14th October 2019 )
It is a popular saying that crypto markets are driven by public sentiments. Here we list some popular crypto currency related sentiment analysis platforms/tools:
1. Omenics
2. Santiment
3. BittsAnalytics
4. CryptoMood
Below we provide more details regarding these platforms/tools:
1) Omenics
Omenics (earlier Predicoin) is Bitcoin and Crypto currency data analytics tool. It also includes sentiment analysis values called Sentscore. This score is calculated as a numeric value out of the total score of 10. Omenics can be termed as sentiment analysis service for crypto currencies. It aggregates the sentiment from sources like news, social media etc. The following figure provides details regarding the different sources utilized by Omenics.
Fig-1: Omenics Features
The next figure provides the daily basis Sentscore and price relationship in form of line graph for the starting days of May 2019.
Fig-2: Daily basis Sentscore and price relationship
According to the Bitcoin Exchange Guide it’s easy to quickly uncover social media trends using Omenics’ social indicator, which conducts a textual analysis to calculate the sentiment of content from Twitter influencers and top subreddits.
1) Santiment
Santiment is a comprehensive platform for crypto currency related data feeds. It also provides information about crowd sentiment. It is termed as Bloomberg of the Crypto currency market. The Santiment platform attempts to provide a 360-degree view of the crypto market. There are different crowd sale projects but investors lack proper information regarding them thereby making their investments risky. By using the Santiment platform these investors can get accurate information.
Santiment has also done Initial Coin Offering (ICO) for their coin. This coin is represented by the symbol SAN. The Bitfinex platform which is a popular trading platform has integrated the Santiment platform giving traders an opportunity to make better decisions.
The Santiment team already has developed a mobile app while a web based platform development is in progress. The Social Trends tool lets users to specify some term and view its mentions in different social media platforms related to crypto currencies.
Fig-3: Santiment Application Interface
Fig-4: Santiment Platform
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